Genius of the Rules-Style System

Chapter 1261: Chapter 607 Space Weapons and Super Experiments_1

Before the investment meeting began, several key persons from Yixing, not excluding Zhao Yi and Liu Jiankun, as well as from Aviation Group, had already conducted detailed discussions. They estimated that the foreign investment they could secure would be between 5 billion to 8 billion RMB.

The Aviation Group would invest technology and equipment, in addition to a cash injection of about 2 billion to 3.5 billion RMB, to obtain a 51% shareholding.

With this, the total capital would approach 10 billion, sufficient for the initial R&D investment.

Subsequent funds would be added after achieving R&D results; then, the company would officially enter the production stage and continue to expand its scale, truly entering market operations and even preparing to go public.

Now, having received over 40 billion in investments, the amount was simply too large.

Yixing Aerospace certainly wouldn’t worry about the large amount of external investment, but it was destined to be a company predominantly controlled by the Aviation Group, which had to invest a corresponding ratio of funds to maintain control of the company.

Clearly.

With 40 billion in funds, it was indeed too much, and it meant that the Aviation Group would need to provide more than 30 billion to retain complete control of Yixing Aerospace; otherwise, investors would definitely not agree. free𝑤ebnovel.com

As part of a company positioned to operate in the marketplace, it was essential to operate within a regulatory framework; otherwise, it would surely be abandoned by the market.

Therefore, the internal meeting eventually decided not to accept such a high amount of investment but only to accept one-fifth proportionally, which equated to around 8 billion.

This portion of funding had already been sufficient to boost the assets of Yixing Aerospace to over 10 billion, not to mention that Yixing Aerospace also had granted technological authority from the Aviation Group.

Previously, there was no precedent for the Aviation Group granting authority over perfected anti-gravity technology. Only because it was a subsidiary company did it directly grant authority, but a certain percentage of patent fees still had to be paid.

After concluding the internal meeting, Yixing Aerospace publicly announced the results, followed by the immediate convening of the first board meeting.

This board meeting was also a technical meeting, providing every investor and corporate representative the opportunity to participate in the discussion and also to set the initial R&D direction for the company.

Although it was an internal shareholders’ conference, the meeting was still highly important.

The first order of business was to determine the management team of Yixing Aerospace, which also served as the inauguration for the management.

The first to present was Zhao Yi, who would serve as the technical advisor and chief engineer of Yixing Aerospace.

Normally, the most important aspect of a company is the board of directors, and the most critical decision-maker is the CEO. Zhao Yi, serving as the technical advisor and chief engineer, was somewhat unsuitable to be the first to take the stage.

However, Zhao Yi also held another title; he was the largest individual shareholder of Yixing Aerospace, owning a 12% share. Since the largest shareholder was the Aviation Group, a multinational conglomerate, if the Aviation Group did not send a representative, Zhao Yi’s shareholding was enough to potentially serve directly as the chairman.

Moreover, everyone knew that the most important person to Yixing Aerospace was Zhao Yi.

Even the Aviation Group was not essential, let alone the fact that Zhao Yi held patents for anti-gravity technology and Space Link Technology. He was also a personal shareholder of the Space Technology Company; he would receive a share of the related technology authorization.

In short, when Zhao Yi took the stage, he immediately received unanimous cheers from the audience.

Following Zhao Yi was Chairman Liu Jiankun. Liu Jiankun served as the chairman of Yixing Aerospace but in reality, his role was nominal as he worked as the general manager of the Aviation Group and would likely participate directly only when the shareholders’ conference convened.

The third person to appear was He Wei, a relatively unknown figure.

A brief introduction at the scene earned He Wei applause. He was the former Deputy Chief Engineer in charge of the Space Station project at the Aerospace Bureau and also director of the technical leadership team, with extensive R&D experience in aerospace technology.

He Wei was not only skilled in technology but also in management.

This time, serving as CEO of Yixing Aerospace meant that he was leaving the Aerospace Bureau personally. His appointment also indicated that Yixing Aerospace would focus its efforts on aerospace R&D in the short term.

Next to appear were various directors and managers.

After the management team’s inauguration ceremony, the meeting moved on to the issue of development direction.

He Wei became the focus.

He introduced the assets and patent licensing conditions of Yixing Aerospace.

Yixing Aerospace now had over 10 billion in funds, including tangible assets in the Phoenix Bay Development Zone and R&D experimental equipment originally belonging to the Aviation Group and the Aerospace Bureau.

Additionally, due to the most important anti-gravity technology authorization, Yixing Aerospace had 131 patent technologies authorized by the Aerospace Bureau.

All these technologies were part of a bundled authorization.

Of course, the technology licensing was not free; Yixing Aerospace had to pay about 200 million RMB annually in patent licensing fees for a duration of twenty years.

This was because the Aviation Group entered as a shareholder with technical expertise; otherwise, just for the perfected anti-gravity technology alone, 200 million RMB for twenty years would have been far from sufficient.

Furthermore, He Wei introduced Yixing Aerospace’s main partners, which included several of the country’s top-end manufacturing enterprises, over a dozen top-notch R&D laboratories, as well as the core anti-gravity and Z-wave experimental teams.